Germany shares lower at close of trade; DAX down 1.40%

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Germany shares lower at close of trade; DAX down 1.40%
Credit: © Reuters. – Germany equities were lower at the close on Thursday, as losses in the Insurance , Transportation & Logistics and Consumer & Cyclical sectors propelled shares lower.

At the close in Frankfurt, the DAX fell 1.40% to hit a new 1-month low, while the MDAX index declined 0.11%, and the TecDAX index declined 0.43%.

The biggest gainers of the session on the DAX were Deutsche Boerse AG (DE: DB1Gn ), which rose 1.24% or 1.400 points to trade at 114.400 at the close. Covestro AG (DE: 1COV ) added 0.57% or 0.440 points to end at 77.940 and Linde AG 1 (DE: LIN1 ) was up 0.38% or 0.7500 points to 196.0000 in late trade.

Biggest losers included Deutsche Bank AG NA O.N. (DE: DBKGn ), which lost 6.92% or 0.682 points to trade at 9.180 in late trade. Muench. Rueckvers. VNA O.N. (DE: MUVGn ) declined 2.76% or 5.00 points to end at 176.30 and Fresenius SE & Co KGAA O.N. (DE: FREG ) shed 2.66% or 1.800 points to 65.760.

The top performers on the MDAX were Hochtief AG (DE: HOTG ) which rose 2.08% to 157.20, Rocket Internet (DE: RKET ) which was up 1.92% to settle at 24.36 and Axel Springer SE (DE: SPRGn ) which gained 1.80% to close at 62.100.

The worst performers were Leoni AG (DE: LEOGn ) which was down 3.02% to 51.460 in late trade, Metro Wholesale & Food Specialist AG (DE: B4B ) which lost 2.46% to settle at 11.5200 and Gerresheimer AG (DE: GXIG ) which was down 2.34% to 66.650 at the close.

The top performers on the TecDAX were SLM Solutions Group AG (DE: AM3D ) which rose 4.39% to 34.50, Nordex SE O.N. (DE: NDXG ) which was up 3.71% to settle at 10.480 and RIB Software AG Na (DE: RIB ) which gained 2.25% to close at 21.800.

The worst performers were SMA Solar Technology AG (DE: S92G ) which was down 5.85% to 51.500 in late trade, GFT Technologies AG (DE: GFTG ) which lost 3.06% to settle at 13.620 and Morphosys AG O.N. (DE: MORG ) which was down 2.52% to 89.050 at the close.

Declining stocks outnumbered rising ones by 431 to 274 and 84 ended unchanged on the Frankfurt Stock Exchange.

The DAX volatility index , which measures the implied volatility of DAX options, was up 0.36% to 17.70.

In commodities trading, Gold Futures for June delivery was down 0.08% or 1.00 to $1300.50 a troy ounce. Meanwhile, Crude oil for delivery in July fell 1.80% or 1.23 to hit $66.98 a barrel, while the August Brent oil contract rose 0.48% or 0.37 to trade at $78.09 a barrel.

EUR/USD was up 0.07% to 1.1671, while EUR/GBP fell 0.03% to 0.8777.

The US Dollar Index Futures was down 0.01% at 94.05.

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